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IQST - IQSTEL Reports $101.5 Million in Preliminary Net Revenue for Jan-May 2025, On Track to Meet $340 Million Annual Forecast
IQSTEL Inc. (NASDAQ: IQST), a leading provider of telecommunications, fintech, AI, and cybersecurity solutions, today announced preliminary accounting revenue of $101.5 million for the period January through May 2025, reaffirming the company is on track to meet its full-year revenue forecast of $340 million.
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, June 24, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a leading provider of telecommunications, fintech, AI, and cybersecurity solutions, today announced preliminary accounting revenue of $101.5 million for the period January through May 2025, reaffirming the company is on track to meet its full-year revenue forecast of $340 million.","length":349,"tagName":"p"},{"type":"image","alt":"iQSTEL logo (PRNewsfoto/iQSTEL)","displaySize":"","headline":null,"caption":"iQSTEL logo (PRNewsfoto/iQSTEL)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":107,"url":"https://media.zenfs.com/en/prnewswire.com/b65099919bec95dfcdc5d3875811c2bb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/E6gifZxblzsXXqIlbrNNBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b65099919bec95dfcdc5d3875811c2bb","width":400,"height":107}},"href":"https://mma.prnewswire.com/media/2429999/iQSTEL.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Historically, the second half of the year outperforms the first, and IQSTEL's business momentum is now accelerating significantly. The company reported $23.7 million in net revenue for May alone, with projections to reach $33 million in monthly net revenue by year-end—or earlier—driven by both organic growth and strategic integration.","length":340,"tagName":"p"},{"type":"text","content":"Based on current performance trends and pipeline visibility, IQSTEL expects to reach a $400 million annualized revenue run rate by the end of 2025.","length":147,"tagName":"p"},{"type":"text","content":"A key catalyst in this growth trajectory is the upcoming integration of GlobeTopper, a fintech platform expected to join the IQSTEL family within the next week. GlobeTopper is anticipated to contribute millions of dollars in revenue and will also add positive EBITDA, further strengthening the company's fintech division and bottom line.","length":341,"tagName":"p"},{"type":"text","content":"IQSTEL's recent uplisting to NASDAQ has been met with strong market interest, reflected in millions of dollars in daily trading volume. Management views this as a strong validation of IQSTEL's long-term value proposition.","length":229,"tagName":"p"},{"type":"text","content":"The company's vision to become a $1 billion re...